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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessFailed Break Above 125? EURJPY.......>
EURO-YEN TECHS: Failed Break Above 125?
EURJPY touched Fed react highs of 125.47, but has since retraced back under 125
suggesting a failed break. Bears need a move back below 124, returning the focus
to the Jan 15 low at 123.40. Below here would open the 38.2% retracement level &
Jan 4 low at 122.65/59. Bulls short-term focus remains on the Jan 30 high, a
break above here brings the YTD Jan 1 high at 126.14 into view, ahead of a
return to the 50-dma at 126.30.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.